Zambia recently borrowed $14 million from Kuwait in order to set up a new teacher training college in North-Western Province. The loan agreement will last 24 years, preceded by a 4 year grace period. The project is expected to commence this year and complete end 2015 / early 2026 at a total cost of $20 million. Government is funding the other $6m through other means. (Source : Lusaka Times)
China is lending Zambia $41 million at two per cent interest for the construction of a 120-kilometre power line between Kariba North Bank and Kafue West. The loan is over a period of 20 years with a grace period of seven years . GRZ hopes that the project will help boost transmission and minimise power cuts in the country (Source : The Post)
Government has also borrowing $163 million for ZESCO from Nordea Bank AB of Sweden and Standard Bank of South Africa. The loan agreement is designed to facilitate construction of an extensive 132KV sub-transmission lines and establish supply sub-stations to facilitate electrification of public facilities, schools, rural health centres, Government institutions and chiefs' palaces in North Western and Western Provinces (Source : Times of Zambia)
[view whole blog post
]
 |
 |
 |
 |
 |
 |
|
See More
Report Abuse